In business, productivity refers to how efficiently factors of production, or resources, are converted into outputs such as products like goods or services.
Posts published in February 2024
In Frederick Herzberg's Two-Factor Theory, the distinction between what he called movement and what he understood to be motivation is crucial.
Centralization and decentralization refer to the extent to which decision-making power is devolved in a business. Some companies are highly centralized.
Division of labor means breaking down different aspects of a job or task and assigning different people to each particular part of the work.
Delayering is the process where a business removes one or more levels of hierarchy of middle management from an organizational structure.
Micromanagement is the opposite of effective delegation - A business manager showing too much excessive control over daily work of subordinates.
Effective delegation is one of the most important skills of modern managers. They need to delegate some of the tasks to workers in a lower level.
Motivation theories explain how workers can be motivated to work well. They provide managers and leaders with a starting point and framework.
It is important to understand differences between these concepts in organizational structures – authority, responsibility and accountability.
The effective motivation of people has become a major determining factor in influencing the success of a business organization in the long-term.
Chain of command refers to the formal line of authority and reporting within an organization. It shows how authority and power are passed down.
This article answers the questions ‘What is motivation?’ You can find out how this can help managers and businesses achieve a well-motivated workforce.
In a typical business organization, there are usually two types of managers. Here is how to distinguish between line managers and staff manager.
Hierarchy refers to a ranking system of positions in an organizational structure within a business organization. It describes different levels.
Span of control refers to number of people who are working directly under a single manager. The number of subordinates he can effectively supervise.
Bureaucracy refers to an administrative system characterized by standardized rules and procedures, a hierarchical structure and a division of labor.